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  • Top tokens to track as Bitcoin slides

    Top tokens to track as Bitcoin slides

    • Maker (MKR) stands out with its role in powering the stablecoin DAI and its unique decentralized governance structure.
    • Sui (SUI) offers a user-friendly DeFi experience with scalability and flexibility.
    • NuggetRush (NUGX) is emerging as an exciting crypto project with unique tokenomics and Ethereum blockchain integration.

    Investors are constantly on the lookout for the next big thing in the ever-evolving world of cryptocurrency. As Bitcoin experiences its ups and downs, it’s only natural to seek out promising altcoins to buy that offer both innovation and potential for substantial gains.

    In the midst of this crypto rollercoaster, one project has been making waves, and it’s poised to shine in the face of adversity: NuggetRush (NUGX). But before we dive into the depths of this gem, let’s set the stage and explore why it’s gaining traction among the best cryptos to buy now as Bitcoin faces challenges.

    NuggetRush (NUGX)

    Why is NuggetRush (NUGX) worth crypto investors’ attention? Well, folks, let me tell you, this project is on a wild ride, and it’s a thrill to be part of. Picture this: they’ve already sold a mind-boggling 163 million NUGX tokens, raising a jaw-dropping $2 million and counting!

    We’re in the fifth round now, and NUGX is strutting its stuff at a tantalizing 0.018 USDT per token, with the next round promising a soaring 0.02 USDT – that’s a heart-pounding 100% token price increase from Round 1. This presale performance? It’s like the crypto community giving a standing ovation!

    Now, let’s dive into the juicy tokenomics. NuggetRush has crafted an ecosystem that’s got crypto enthusiasts buzzing like bees at a honey pot. With a total supply of 500,000,000 NUGX tokens and the cherry on top – no pesky buy or sell tax! It’s not just friendly; it’s like a warm hug to newcomers, beckoning them into the crypto waters.

    But hold on to your hats because NuggetRush isn’t just catering to the rookies dipping their toes into cryptocurrency trading for beginners; it’s laying out a grand buffet for seasoned traders, serving up those delectable gains on a silver platter.

    But wait, there’s more – let’s get technical! NuggetRush isn’t just built on any old blockchain; it’s strutting its stuff on the Ethereum blockchain, ensuring ironclad security, breathtaking transparency, and a global stage for all crypto aficionados. 

    But here’s where it gets spicy – each character in the NuggetRush universe moonlights as a collectible NFT. Yes, you heard it right, NFTs are hotter than hotcakes right now, and NuggetRush knows how to turn up the heat.

    This move adds a dash of extra excitement and value for both players and collectors, making it one of the best altcoins to invest in. Plus, they’ve thrown in NFT staking with the potential for up to 20% APY, like turning a game into a treasure hunt where the loot is real crypto gold!

    Now, let’s talk governance. NUGX isn’t just another token; it’s your golden ticket to calling the shots in the NuggetRush realm. Holders get to have their say in the project’s direction, like being part of a crypto democracy where every vote counts. It’s not just an investment; it’s a voice in the crypto revolution!

    So there you have it, folks. NuggetRush isn’t your run-of-the-mill project; it’s a crypto rollercoaster of epic proportions, with rocketing presales, tempting tokenomics, cutting-edge technology, and a dash of democracy. Keep your eyes on this one; it’s a nugget of gold in the crypto treasure chest!

    Maker (MKR)

    Alright, crypto explorers, let’s dive into the fascinating world of Maker (MKR). You might have heard about it as a stablecoin, but trust me, it’s way more than just that.

    Maker is the brains behind DAI, the decentralized stablecoin that’s all about keeping that value at a solid 1 USD. But what sets Maker apart is its decentralized autonomous organization (DAO) structure – and let me tell you, it’s a game-changer among the top altcoins.

    In the crypto world, where decentralization is the name of the game, Maker takes it to a whole new level. MKR token holders are the bosses here. They get to call the shots, like setting the rules for collateral types and stability fees. It’s like a crypto democracy where your MKR tokens are your voting power. This level of control gives Maker a unique edge, making it a heavyweight in the DeFi arena.

    But that’s not all, my fellow crypto enthusiasts. Maker’s got something called Collateralized Debt Positions (CDPs). It’s your golden ticket to lock up assets like Ethereum and mint DAI. Think of it as your financial playground where you get to be the master of your own crypto universe.

    Sui (SUI)

    Now, hold onto your surfboards because we’re about to catch the DeFi wave with Sui (SUI)! This little gem is making a splash in the world of decentralized finance, and here’s why you should pay attention.

    Sui isn’t your run-of-the-mill DeFi token; it’s all about scalability and user-friendliness. Picture this: you’re riding the DeFi platform, and it’s a breeze. That’s what Sui offers – a DeFi experience designed with users like you in mind. This is what has made it one of the best altcoins.

    But it’s not just about speed; it’s also about flexibility. Sui’s blockchain architecture is like a buffet for developers. They can pick and choose the features they want, customize their DeFi projects, and create something truly unique. It’s like having a DeFi toolbox at your disposal – you get to build your own financial world.

    And let’s not forget the star of the show, SUI, Sui’s native token. It’s not just there for show; it’s got a job to do. SUI plays a crucial role in governing the platform, giving users like you another layer of involvement. It’s like being part of a crypto club where your voice actually matters.

    Conclusion

    As the crypto landscape continues to evolve, projects like NuggetRush (NUGX), Maker (MKR), and Sui (SUI) are proving that there’s more to crypto than meets the eye. These tokens offer unique features and innovations that make them worth tracking, especially when Bitcoin decides to take a rollercoaster ride. So keep your eyes peeled on these altcoins to watch, stay informed, and above all, enjoy the thrill of the crypto ride!

    For more information about NuggetRush and to participate in the presale, visit the NuggetRush Presale Website.

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  • Bitcoin slides off Fed meeting before bouncing back, but what next?

    Bitcoin slides off Fed meeting before bouncing back, but what next?

    Key Takeaways

    • Federal Reserve hikes 25 bps, Bitcoin drops over 6%
    • Bounceback in prices follow, however, as market bets on rate cuts down the line
    • Bitcoin originally fell to $26,700 and is now back at $27,700
    • Tight monetary policy appears to be coming to a close, which is exactly what Bitcoin investors want to hear
    • The flipside is that Bitcoin’s reputation may have been tarnished by the chaos in the industry over the last year
    • Whether institutional money and Wall Street capital will trust crypto again remains to be seen

    As has been the case over the last year now, Bitcoin continues to oscillate wildly based off interest rate expectations. 

    The orange coin took a tumble Wednesday off the back of the latest FOMC meeting, as interest rates were hiked 25 bps despite some analysts calling for a pause following the banking turmoil of recent weeks. 

    Why did Bitcoin fall?

    Such has been the chaos in the banking markets, markets ahead of the meeting had priced in a genuine chance that rate hikes would be no more. 

    Silicon Valley Bank (SVB) triggered the crisis, which last week spread to Europe before the spectacular demise of Credit Suisse, the Swiss institution founded in 1856. 

    With deposits fleeing banks and markets reverberating, things were breaking – as they tend to do when rates are hiked hastily. And this past cycle has been the most rapid form of tightening in recent memory. 

    Bitcoin fell from $28,500 to $26,700 as the Fed announced a 25 bps hike, a fall of 6.3%. 

    However, Bitcoin has since bounced back somewhat, trading at $27,600. This came as the market began digesting the discourse from Fed chair Jerome Powell around the future path of interest rates. 

    While the hike did come yesterday, it feels increasingly certain that tight monetary policy is coming to a close. It is worth remembering that before SVB’s demise, this hike was virtually guaranteed to be 50 bps. 

    And looking out to rates by the end of July, the market is forecasting cuts rather than hikes. So while the 25 bps hike may have been hawkish, the language afterwards and conclusion coming out of the meeting was very much the opposite. 

    Will Bitcoin go up?

    The question on everybody’s lips within crypto is then what does this mean for Bitcoin’s price? As always, it’s a difficult question to answer, but the future undoubtedly looks brighter for the coin today than it did a few months ago, that is for certain. 

    Not only is further removed from the scandal of FTX and the wave of bankruptcies that followed the sordid collapse of the former tier-1 exchange, but the end appears nigh with regard to the tight monetary policy. 

    Bitcoin was launched in 2009 and hence had never experienced anything other than a raging bull market in the wider economy. The S&P 500 increased seven-fold from the nadir of the GFC to its peak – and Bitcoin, alongside tech stocks, rode the wave of low interest rates, warm money printer and an all-around perfect climate. 

    As inflation roared last year, however, this flipped entirely. With interest rates hiked aggressively, there was no way for Bitcoin to sustain its previous levels of buoyancy. Down it came, and down it came hard. 

    Finally, it appears that the harsh monetary policy which has dragged it through the gutter is nearing an end. And while this doesn’t guarantee anything, it certainly removes the shackles so that there is at least a possibility that it raises. 

    Has Bitcoin’s image been tarnished?

    The flip side of the argument is that the scale of the damage over the last year has been so substantial that Bitcoin’s long-term trajectory has been dampened, and it won’t be able to get on the same track. 

    Crypto winters have come and gone in the past, but this recent one coincided, like we said, with a rout in the wider economy for the first time ever. It also came while Bitcoin was a mainstream financial asset – something which wasn’t true in previous cycles. 

    Collapses like FTX, LUNA and Celsius not only pillaged capital out of the space, but embarrassed crypto on the big stage, as unfair as that is to the good players in the industry. Will institutional funds and trad-fi money be happy to trust crypto again?

    It’s an interesting debate, and only time will tell. 

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  • Bitcoin (BTC) Price Slides as Inflation Is Going Up

    Bitcoin (BTC) Price Slides as Inflation Is Going Up

    Real-world economic performance undeniably impacts global cryptocurrency markets, with Bitcoin (BTC), the biggest crypto asset by market capitalization, proving an excellent guide to the health of the crypto industry. Recent increases in inflation worldwide, but particularly in the US, have seen the value of Bitcoin slide during the second half of 2022 as the global economic crisis takes hold.

    While this isn’t great news for existing investors in the world’s leading cryptocurrencies, such as BTC, excellent investment opportunities in exciting new crypto projects remain. One of the most enticing new crypto projects is Metacade, which saw an enthusiastic uptake during its beta presale stage, raising almost $1 million in just three weeks.

    What is Metacade?

    Metacade is the world’s first virtual gaming arcade that uses Web3 and blockchain technology to revolutionize the GameFi metaverse industry. The platform will host the broadest range of play-to-earn (P2E) games in the metaverse and offer gamers the same level of fun and social interaction they’d get visiting a real-life video arcade from the comfort of their gaming chair or sofa.

    The P2E element of the community is one of several ways community users benefit from the platform. The other revenue stream initiatives are:

    Compete2Earn – earning by staking tokens and gaining tournament rewards

    Create2Earn – earning by interacting with the community and its members

    Work2Earn – earning through finding new Web3 role on the jobs board, which launches in Q1 2024.

    In addition to the opportunities to earn, Metacade is a platform that allows budding developers to earn their stripes by supporting them to learn game development and has plans to become a self-sufficient and fully-fledged DAO by Q4 2024.

    How Metacade works

    Unlike many GameFi platforms, Metacade has a diverse offering that stretches beyond the P2E element. The native token for the platform is the MCADE coin, and there are several ways Metacade generates revenue.

    Metacade’s revenue-generating features include a range of pay-to-play arcade games, just like gamers would expect to find in a real-world video arcade. There’s also advertising on the platform, entry fees for prize draws and to compete in tournaments, and the launchpad initiative, which allows external companies to release games in Metacade for a price. These revenue streams provide the funds that flow into gamers’ wallets as they earn rewards.

    The number of titles available on Metacade will continue to grow. This growth will be aided from Q3 2023 by the introduction of the Metagrants initiative. Metagrants are a source of funding for developers to build games on the platform. Developers submit gaming proposals to be voted on by MCADE token holders, who determine the community’s favorite ideas. The winning developers will receive funding to help turn their proposals into reality. The first Metagrant-backed games hit the Metacade library in Q1 2024.

    Other features in the pipeline include introducing a jobs board in Q1 2024 to boost the Work2Earn initiative. The board will feature a range of opportunities from internships, short-term gig work, and full-time roles within the GameFi industry with Metacade-approved partners, giving anyone with a genuine interest in working in Web3 development a helping hand to get started in the industry.

    Meanwhile, Metacade’s transition into becoming a DAO begins in Q2 2023, with the process estimated to take 18 months before community members assume all of the critical roles. This autonomy is one of Metacade’s leading lights; it hands control of the platform’s future direction to the most important community members.

    Why could MCADE surge?

    The breadth of Metacade’s plans, found in more detail in their white paper, makes it an exciting prospect for investors hunting for new crypto projects. With many other GameFi developments focusing on a minimal range of options, it’s easy for them to become little more than a fad.

    Metacade’s offering will not fall into that trap. The range of games on offer will continue to increase, providing additional opportunities to earn, whether through competitions, playing, or creating social content to engage with the community. Furthermore, the continual addition of new games means there’s no risk of the platform becoming boring or stale since it will continually reinvent itself with the regular release of new and exciting titles. As a result, Metacade has solid project longevity. 

    Additionally, the community will ultimately have complete autonomy over how Metacade develops. Gamers’ interests will forever be at the heart of the platform’s development, unlike in more traditional gaming, where developers have to balance that with providing a return to shareholders.

    These plans place Metacade at the forefront of the blockchain gaming revolution.

    How to purchase MCADE tokens

    The Metacade beta sale sold out in less than four weeks, making it one of the most attractive new crypto projects currently in its presale stage. The price will increase by more than double as  the ninth and final presale round concludes, raising a total market cap of $28 million.

    Getting on board with Metacade couldn’t be simpler. Tokens can be purchased on Metacade’s website by anyone with a Wallet Connect-supported crypto wallet. 

    You can purchase MCADE with ETH (Ethereum) or USDT (Tether). First, connect your wallet to Metacade’s website to access the DEX, and then accept the option to purchase MCADE with ETH or USDT.

    You can buy BTC at eToro here.

    You can participate in the Metacade pre-sale here.

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  • Bitcoin slides, but you do not want to miss out

    Bitcoin slides, but you do not want to miss out

    • Bitcoin has lost a weekly 1.52%, and bear pressure is high

    • A quantitative analyst expects a bottom in around 3 months but says Bitcoin is attractive

    • Bears have an edge as long as BTC does not recapture $19,000

    Bitcoin (BTC/USD) has lost 1.52% in a week as most cryptocurrencies struggle. Despite recovering slightly by 0.25% in the day, the price of the largest cryptocurrency was struggling to retain the $17,000. As of press time, BTC was trading at $16,860. That has raised questions over the potential of Bitcoin to recover to the $19,000 resistance. 

    But a renowned crypto analyst thinks Bitcoin is a bargain at the current low valuation. The crypto analyst dubbed PlanB expects Bitcoin to rally at least 5,800%. Consider that Bitcoin is trading at about 4 times less value than its all-time high of over $68,000. Reflecting on the stock-to-flow model, the analyst says the current BTC price is a “steal.”

    Typically, the stock-to-flow model assesses assets’ value by comparing their current price to the supply. In his view, if we consider BTC’s original 2019 model or the $55,000 model, BTC’s next halving could catapult prices to $100k-$1 million. He expects the supply to be squeezed in 2024, around the halving event. But how about the short-term price?

    PlanB opines that BTC’s bottom could occur in around three months. He says the price of BTC hits the bottom 18 months from the record high.

    BTC is struggling to rise at the 20-day MA

    BTC/USD Chart by TradingView

    From the daily chart technical outlook, BTC’s upside is limited. Although the price has kept the $16,000 support intact, bears are exerting pressure as prices recovered above the 20-day MA. 

    The RSI is pointing lower and sliding further from the 50-midpoint reading.

    Will BTC remain bearish?

    The limited upside on BTC price indicates that the bear market is far from over. The $19,000 remains the crucial resistance. If BTC breaks below $16,000, the next level to watch is around $13,000.

    Where to buy BTC

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy BTC with eToro today

    Bitstamp

    Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

    Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.


    Buy BTC with Bitstamp today

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